Nanoradio has Secured Financing of EUR 10 Million From Existing Investors to Strengthen Nanoradio's Growth Expansion

By Nanoradio Ab, PRNE
Thursday, July 1, 2010

STOCKHOLM, Sweden, July 2, 2010 - Nanoradio today announced that they have signed an agreement with the
current investors Viking Venture, Creandum, Ferd, Industrifonden, Nordic
Venture Partners, Innovacom, and Teknoinvest to fund Nanoradio for its growth

The Nanoradio "Always On WiFi"(TM) solution - the NRX700/2 WiFi chipset,
which offers fully tested 802.11b/g functionality, featuring ultra-low power
consumption, has won tremendous customer attraction and now, in addition, by
the launch of the brand new "Eco-Fi"(TM) family of products, the NRX600 and
605 products which are supporting 802.11 b/g/n standards, Nanoradio is
further strengthening the company's position to capture significant shares of
the embedded consumer electronics market.

With the new investment, Nanoradio will be well equipped to support its
volume growth together with executing a more ambitious launch plan of a new
line of competitive products.

"This means that we will become a significant connectivity provider and
the investment in Nanoradio is a significant recognition of the trust in our
team and our capability to deliver according to plans, says Tord Wingren,
President & CEO of Nanoradio AB. "During the last 12 months we have made
tremendous progress and we will now show our longer term commitment to
continue to provide world-class WiFi solutions to Tier-1 Mobile Phone makers
and demonstrate our capabilities to deliver high volumes to the highest
quality standards."

"Nanoradio is the most exciting wireless semiconductor company in the
Nordic region. We are hugely impressed by the strength in Nanoradio's
solution and its customer expansion as well as the overall execution done by
a very experienced management team, which also recently have been
strengthened further. Nanoradio is the first company to offer a solution that
allows for having the WiFi-functionality constantly switched on without
draining the battery, now also in a miniaturized in the true one chip system
solution, "Eco-Fi"(TM) family of products, with outstanding area and costs.
The market for this solution is enormous with hundreds of millions of
WiFi-devices including mobile phones that will continue benefit from
Nanoradio's technology", comments the Chairman Torbjorn Nilsson, on behalf of
the whole board.

"We are very satisfied with the way Nanoradio has developed since our
first investment 12 months ago", says Eivind Bergsmyr, Partner at Viking
Venture and board member of Nanoradio. "The company is executing on its
strategy to become a leading WiFi solutions provider to the Mobile Phone
industry, and with an exiting product portfolio and increasing customer
interest we are positive that Nanoradio will be reaching it's ambitious
targets. Raising EUR 10 millions from existing investors shows the strong
belief all existing investors have in the company".

About Nanoradio AB

Nanoradio is backed by Viking Venture, Creandum, Industrifonden, Nordic
Venture Partners, Ferd, Innovacom, and Teknoinvest.

Nanoradio design semiconductors with wireless capability for the cellular
and handheld market where buying decisions relate to power consumption,
stability, physical size, and total cost for customers.

Nanoradio has developed the most integrated circuits bringing outstanding
WLAN capabilities into mobile phones and consumer multimedia electronics.
Nanoradio's WiFi chips target a range of applications, including mobile
phones, wireless digital cameras, wireless headsets, Portable media Players
and gaming devices.

Nanoradio was founded in March 2004 and is a "fabless" company meaning
that all manufacturing is outsourced. Nanoradio has a leading team of
extensive experience from the cellular and wireless industry, semiconductor
industry and start-ups. The head-quarter is in Kista, Sweden and sales
offices in Korea, Taiwan, Japan and USA.

INFORMATION please contact: Tord Wingren, President & CEO, tord.wingren at, Phone: +46-705900567 or Press: Annika Engelhart, Market Communicator, annika.engelhart at

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